Corrugated Boxes Market worth $80.8 billion by 2026 – At a CAGR of 3.6%

As per the recently published report by MarketsandMarkets™, the “Corrugated Boxes Market by Type, Material (Linerboard, Medium), Printing Ink( Water-based, UV-curable, Hot melt-based, Solvent-based), Printing Technology (Digital, Flexography, Lithography), End-use Industry, and Region – Global Forecast to 2026″, The global corrugated boxes market size is estimated at USD 67.6 billion in 2021 and is projected to reach USD 80.8 billion by 2026, at a CAGR of 3.6%. The corrugated boxes market is witnessing high growth owing to the growing demands from the e-commerce sector, food & beverage industry, electronic industry, industrial sector and the increasing disposable income in developing countries. The increasing inclination towards consumer goods and other end-uses is also driving the market.

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• 255 Market data Tables
• 53 Figures
• 272 Pages and in-depth TOC on “Corrugated Boxes Market – Global Forecast to 2026″

This report also provides a comprehensive analysis of the companies listed below:

The key players in the corrugated boxes market are Rengo Co., Ltd. (Japan), Mondi Group (UK), DS Smith (UK), Smurfit Kappa Group (Ireland), and International Paper (US), and others.

Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the corrugated boxes market.

Recent Developments in Corrugated Boxes Market

1. In October 2021, Smurfit Kappa Group completed the acquisition of Verzuolo. As a result of this acquisition, the company converted the PM9 machine into a state-of-the-art 661,387-ton recycled containerboard machine in 2019. It complements the already existing and strategically located operational facilities near the port of Savona. This is expected to benefit the company as well as the customer base.
2. In September 2021, Rengo Co., Ltd. announced that its joint venture in Vietnam, Vina Kraft Paper Co., Ltd., has opted to build a new containerboard production site. Due to continued foreign direct investments, majorly in the export industry, and expanding domestic consumption, Vietnam’s total annual demand for containerboard was over three million tons in 2019. Vina Kraft Paper is expected to firmly establish itself as a market leader in the Vietnam containerboard sector, with the newly constructed mill aiming for long-term development and expansion. It is also expected to boost Vietnam’s local integrated containerboard to corrugated box production system.
3. In September 2021, the Mondi Group expanded by installing new equipment at its corrugated box production plant in Szczecin, Poland. This expansion aims at expanding the company’s packaging portfolio and enhance production processes. This expansion is expected to further strengthen the company’s presence as a preferred e-commerce packaging supplier to the growing European markets.
4. In August 2021, DS Smith developed a completely recyclable e-commerce packaging for Blaue Helden. This sustainably developed e-commerce packaging from DS Smith imparts the environment-friendly cleaning tabs from Blaue Helden, an enhanced appearance catering to online retail, with 100% corrugated cardboard and no plastic filling material at all.
5. In March 2021, International Paper completed the purchase of two state-of-the-art corrugated box plants in Spain. This purchase will enhance the capabilities of the company in Madrid and Catalonia. Corrugated packaging business is of strategic importance to the company with respect to the EMEA. It offers its customers high-quality packaging solutions in the industrial, fresh fruits and vegetables, and e-commerce segments. The two businesses have been the part of International Paper from April 1, 2021.

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• Slotted boxes is the largest type segment of the corrugated boxes  market.
• Linerboard is the largest material segment of the corrugated boxes market.
• Water-based ink is the largest printing ink segment of the corrugated boxes market.
• Flexography printing is the largest printing technology segment of the corrugated boxes market.
• Food & beverages is the largest end-use industry segment of the corrugated boxes market.
• APAC is the largest market for corrugated boxes market.

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